w2topics

w2topics is a term that refers to the specific fields or subjects that are covered within a W-2 tax form. The W-2, officially known as the Wage and Tax Statement, is a United States Internal Revenue Service (IRS) tax form that an employer must issue to each employee and to the Social Security Administration at the end of the year. This form reports an employee's annual wages and the amount of taxes withheld from their paycheck. The "topics" on a W-2 are essentially the categories of information presented on the form.

These topics include details such as the employee's identifying information (name, address, Social Security number), the employer's identifying information (name, address, employer identification number), and crucial wage and tax information. Key w2topics include total wages, salaries, tips, and other compensation paid to the employee. It also details federal income tax withheld, Social Security wages and tax withheld, and Medicare wages and tax withheld. State and local income taxes withheld may also be listed if applicable. Understanding these w2topics is essential for both employees and employers to accurately file their tax returns and comply with tax regulations.